Company registration number CE007701 (England And W*les> Charity registr4tiDn number 1167949 (England and Wales) DESIGNERMAKERS CI ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025 DESIGNERMAKERS CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Marco Rayment Kale Welton Jacqui Petrie Andy Simpson Janine Oxley Sally Waison Sarah fr1￿Lis Ross Marshall Paul Sharrock Micha¢1 Rae Soiiia Br014'nc (Appoinied 31 January 2025) (Appointed 31 Janiiary 2025) (Appoinied 31 January 2025) (Appointed 31 January 2025) (Appoinled 31 January 20251 (Appointed 31 January 2025> Country of incorpo￿110 Uniied Kingdom {bnglai)d and Wales) CE007701 Ch*rity reiistration England and Wales 1167949 Prinelpal address 21 Si. Nicholas Strccl DISS Norfolk IP22 4LB R¢gist¢red office 21 Si. Nicholas Sirecl DISS Norfolk IP22 41.B Indtpendent examiner Waveney Accountants Limiled 'I'las Neivinan & Co Chartered AcLuunt&nls 4b Church Sireet Diss Norfolk IP22 4DD DESIGNERMAKERS CIO Page Chairman's slatem¢nl Truslees, report Independent eNaminer'5 report Slalemenl of linancial aclii'ilies Balaiice slieel Nolcs lo Illc linan¢ial slalemenl.s 10- 15 DESIGNERMAKERS CIO CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 4 APRIL 2025 Reptsrt from the Ch*ir 202412025 It il'as an intense slan lo 20241 Folloiving the purch&8e of 21 St Nicholas slreel in March, the Department for Levelling Up gave us an extension on ihe 'essential buildings rLpairs part ofthL Communit), Oivnership Fund. li'¢ were given until July 3151 lo cost. lender and complele the necessary work. In the same lillie period ive hud lo raise sufficient funds lo match-fund the Granl. A nelv fundr4iising campiiign ivas laiin¢h¢d- 'RiliS¢ Our Roof - g¢nerous donDlion5, boih small and larg¢, ii'ere niadc onlinc, in house and direcily into lh¢ dmCIO baiik 41¢couiii. Meinbcr5 and supportcrs put on ev¢nl5 lo rais¢ yei more funds #nd logeiher wilh Jddilional granls from; The Aifrcd Williaiiis Ch¢irilable Trust. The Bclsl¢ad Ganzoni Charilable S¢ttlem¢nt and David I￿a￿LlY Fuunilalion, all procured by our profe$si()nal fundraiser Sarah Williams. wc wcr¢ succ¢ssful in raising ih¢ ne¢d¢d £46,778.40 in Inalch funding. This r¢l¢ascd Ihc COF grant, allowing us lo commission alinost £95.000 M'orth of building iinproveiiieiils lo 21 Ni¢liolas slrccl. Running in parallel io the Raise Our Roof lundraising canipaign li'as the cosling. tendering, planning and delivery of the neLe55ary ivorks- all iu be LompleiLd t)y July 31. Planning and leiidering look placc oi'cr April. May Bnd June. A tigh( programme ofivork li'as planned to span Ihe nionihs from June lo SewembL'r und d¢spil¢ somc v¢ry major works being delivered designei'm&kers21 did not need lo be closed to the public. nol ev¢n for one d&y (ulthough ihere ivas sunle disruption lo sonic meiiibers. siudiosl. BLti%een JunL Jnd SLpILmbcr 2024, the folloii'ing ivorks were carried oui: Gas cenlrul healin8 inslallcd majoi. clcLlrical iipgrade and fir¥ 59f¥ly improvvm¢nlS r¢nvvJli()n und pllving ofr¢ai' )'ard iiisulaiioii and claddin8 ot'i'aulicd ¢cilin8 in rear firsl floor sludios iieiv ligliliii8 iii r¢ar first floor yludio¥ and Sl)ow¢ase gallery r¢-mod¢llii)g ol. grouiid Iloor kiiclien iiicludii)8.' nLv work surfacc. cupboardldraw units and sink ceiling replaceinenl wilh added insulalion and new lighis eYl¢nsiv¢ plumbing works new kitchen M'hilc goods and bins new water boiler New loilet on ground floor New electric ivater heater Ncw fire door lo upstairs gallery in rear building Neiv pillure hanging sysl¢m for iipstairs gallery, in r¢8r of buildin8 S￿ondary 818zin8 Repair and drdlightproofing of sash iiindows at fTonl of property Neiv door to ceramics studio New gales lo rear of property PU￿has¢ of furnishings including ivorkshop lable5 and chairs repainting of shop front DESIGNERMAKERS CIO CHAIRMAN'S STATEMENT CONTtNUED TH AR ENDED 4 APIUL 2 The installation of central healing means Ihal after 12 years of escalating electricity bills and ever imaginaiive ways for niemb¢rs lo keep ¥varm during ihe w'inter months, most studios and galleries have a more cost-elT¢ciive source of heating although lye have yet to extend this into our dclachcd ccrumics and print sludi05. As ivell as healing which has improved the workspaccs for Inakcrs, thc addilion ol. sccondary glazing lo large draughiy windoivs plus new insulated ceilings, hav¢ minimi5cd our enirironmenlal impaci. The experience lor our visitors and ii'orkshop all¢ndees is a150 more comfortable during Ilie coldrr montlis. A full programme of exhibitions, events and workshops was plann¢d and carried out draii'ing on ideas suggested b>, members and supporters. Our Commilmenl to Ihc local ¢ommunity has remained strong. Diss High School relurned for an exhibition ol. A. Lei'el Art lh¢ ¢xliibition curated by ilie sludents and our Summer Expo. look place for the 4111 time ii'iil) a furil)er increase in submissions. Both exhibitions brought in neiv audiences biit most importantly gave local yoiing p¢oplc and adiilts a professionul exhibition arena ivhere ihey could see their work exhibited ollcn for Ihc first lime. We also supported the Diss Heriiage Transport festival in Sepiember. We continue lo providc frcc cxhibilion space for Solo 14ousin8 ¢harily thai ivorks il'iih loc81 homeless people, and ive parlncr ￿'1(h Sire¢l Forge - a charily ihnl ii'orks ii'iih adu115 Witl) l¢arning dilTiculiies- selling ihe wares madL by Ihcir cli¢nls iii exchange for a small r¢mun¢raiion. Fyll Members: lryull lime Inenibers and Trustees havc ongoing management of the day-lo-day needs of boih th¢ CIO and designermakers21 Cowordinaiing all evenl.%. display, marketing aiid buildiiig Inainl¥nanc¢. With fundraising conlinuiiig as d foLus ai the siart ol'this financial year. iiicmbLrs havL bcL'I) as bus), as ei'er and haiie beeii helped by lucal supporlLrs and volunieers. We have had a cliangL in memhership ivitli 4 niembers iiioving on and tlie addition of (ii'o nciv members - Sally ￿lalson. a niixLd InLdia artiql Iising collJgc and slencillin8 le¢hniqu¢s and Llgin¢ FILimbleby, Ivorkin8 in ceramiLs prodiiLing ligLiralivL and 5ciilpliiral pieces usin8 a run8¢ ol. pro¢¥SS¥S. Both spcnl 6 monihs as Guest niembers and bring ivLlcomc neiv energy and skills to lh¢ vrganisaiion as ivell as their be&ulilul ivork. Menibers also conlinuc lo Sha￿ their expertise Ihrough d¢liv¢ring POPLilar workshops in iheir own sliidios as M'cll as demrjnslrating thcir makin8 PTOC¢SS lu visiling Inemb¢rs of the public. Guest Members: Oui. Giiesl iiieinbei ship scheme h - linked to iliree very successful L'xliibilions curthiLd b). individual men)bers 'Silica' in collaboraiion ii'ith Diss Corn 14all. 'fhe In-Action' days as usual aiiracied a lurKe iiiiinbL'r of visiiors of all a8cs ￿'hO ¢njoy¢d trying out diifcrcnl laslcr activilies. Similarl),, our lil'o additional 'Have a Go day8 were extremely popular. M'ith Ineinbers olTeriiig taster sessions iii their indii'idual sludios. designermakers21 also hoslcd a programmc of ivorksliops from varicd artisls taking part in 'Bcing Woiiian a projcLi lcd by a full niember, ii'iih an as50¢iJled Qxhibition a¢ross thc road at 'Diss Cornhall.. We also took 'designermakers21' on lh¢ road once more iviih 5 mLmbers running ii'orkshops ut Polk A niimber Dfevenls have been solcly aimed al fiindraising incliidit)g the 'On th¢ Hoof C¢ilidh al Ro)'don Village Hall and for Ihe first lini¢. o Chri51111i1S Mijrkcl hoslcd at Ihc ¢nd ol. Nov¥illb¢r ulilising oiir lov¢ly wsurla¢¢d and clcarcd bork yard. M¢nibcr% also doiialed their work for our 'Spring into Action, grand draw. We havv Loiiliiiued lo bc ovcriihelined by thc generosity ofour supporters 'Cakc and Makc, llourished, not only providin8 a wLlcoiiiiiig creative sliariii8 once a monih bul also raising a steady slreain of ILinds lor our projecl. These conlribulions and Ihos¢ froin vi5ilor5 have l￿'¢n iiivaliiabl¢ not oiily linanci£ill)' bill in $hoii'ing thL SLlI)Ix)rl for d¢signcrmak¢rs21 and how Inuch IhL orgaiiisalioii olTers lo Ihe local cuiiiniuiiily. WL also ihaiik uur laiilasliL voluiilL'er ieaiii r(Ir ii'LILoiniiig visitors. managing sales and providin8 addiiional supi)ort al Lvenls. We conlinuc to proiiiolL Ilic a¥liviliLS ul dili21 Ihrougili liir&>¢lLd markLlinE iiicludiiig facLlx)ok and li)slagraii), adVCrtis￿mcn1$ in local prinl media & local radio and a range ot leaflLl8 promoliiig our cliarity. events and ivnrk8liops. Room forChAn8e #nd plAnnlng for ihe future orien ii.hen a lar8C time aiid energy consuiiiing projL'cl coniLS lo an end il cai) bL cliallci)ging for an organisation lo recharge and r¢foLiis on iihui ¢omLS n¢xil 'fhL dn'am vf oivning 21. Si NiLh()las Sir¢LI hud b¢en oiir f¢)Lus for man), years. Bill with building lo manage and phL4es 2 und 3 ofour building development still to be reulised ihere %i'as much left to do. So ivherc ivoiild li c now dirLYi OLir energies? Our board ol- Inislees needed a refresh und in Aulumn 2024 w¢ bvgan a reLruiim¢nl piY)cess wilh a series of meetings lo share our iiision with prosp¢cliv¢ n¥iv IriislL¥'s. We ivere delighted io ivelcome six neiv trus(ee$ 4 external additions. Sarah Frgn¢is, Ross Marshall, Mikc Rac and Soniii Broivnc - and tivo rtcw n)einbcr trustees- PaLII Shurrock and Sall), Watson. Our expand¢d board niel formally for the first (ime in Januar). 2025 and we have already benefiited froin the experience, ideas and approaches our new Iruslees bring. KL), areas as WL niovc forii'ard into (he next financial year ivill be.. updaiing of policies, redraftin8 the Liccnce lo Occupy and as alii'ays fundraising. Also Ii)oking io (hc fuiure and Inspircd by ihe vision presented by Karen Butti of Thomas Ford and Partners earlier in 2024. the members rccciitly took part iii three 'Blue Sky, mcelings ivherc ideas about how bcsi lo niove form'ard as an organisalion were shared and discussed. Many inleresting ideas ivere on the lable, including a radical reimagining of hoiv li'e mighi use different parts of the buildings to house new crealive inilialiYe5 and importantly to g¢n¢ral¢ incorn¢ for lutiire building projecls. lrnportantly iv¢ miist noiv prioriti5e 5QCLiring flinding for a permanent firc c5¢ape a5 11.ell a5 lo mak¢ improv¢menls i%,hi¢h ii'ill ¢nsure belter access for all acro55 the building. This ii'ill be a major projecl over the next ihree year5. We have another exciling year of even15 which ivill attract new audiences as well as repeal visitors: continuing lo inspire interest in th¢ art5 and encourag¢ oth¢r5 to l¢arn a n¢ii' skill in line 1% ith our ¢harilabl¢ purp05¢. W¢ remain comniilled io realivity, Ihe arts as a paihivay lo ii'ellbeing and to sho%%'casing excellence in craft. And, mosl importantly. li'e continue to develop 21, Si Nicholas Street for the benefil offulure generations. NERMAKER cio CHAIRMAN'S STATEMENT CONTINUED FOR THE YEAR ENDED 4 APRIL 2025 Janine Oxley ChAir 1211212025 Dale.. DESIGNERMAKERS CIO TRUSTEES, REPORT INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 4 APRIL 2025 The Iriislees pres¢ni their iinniial report and financial statements for the y¢ar ended 4 April 2025. The financial statements havL bcen prepared in accordance ii'ith (he accounting rM)licies sel oul in note I to the financial siateinenis and coiiiply with the Clo's govcrning docuineni. Ihe Conipanies Act 2006, 1-"RS 102 "The Financial Rep)rting Siandard applicable in ili¢ UK and Republic of Ireland" and the Charities SORP "AcLouniing and Reporting b), Charities.. Siateinent of Recoinmended Praclice applicable to charities preparing their a¢¢oLinls in accordance wilh the Financial R¢p)rting Siandard applicablL in ilic UK aiid Republic of Ircland (14RS 102)" Objettives and 4ttlvltles Public benefil The IruslcLS have paid diie regard lo gtiidance issued by the Chariiy Commission in deciding ivhal activities the CIO should undertake. Achievements And performance Sigiiificiinl (Iclivilies tintlcicliievenienls ag¢iinsl objeclives Fin*n¢i*l review Reseives policy It is ihc polic}. of IhL CIO Ihal unrLslriclL'd funds ivhich have not bLLn designalLd for u specific use should be maintained al a l¥vel equivalenl lo belii'een ilireL' und bix munih's expendiiure. 'fhe trustees consider that reseyves ai ihis level will ensure ihat. in the ei'¥nl of a signili¢ant drop in ILinding, they M'ill he able lo conlinuc Ilic CIO'S Currcnl aclivilies whil¢ consideralion is giv¥n lo iva>s in iyhiili addilioiial funds Inay b¢ rais¢d. This Icv¢l ol're5¢rve5 has beeii lnainla1n￿ ihrou8houl Ihe y¢ur. Strutfurnl 8OVtrnante #nd mAnAgement 'I'he CIO is li ChuriiiiblL II)LOI'poruled 0r8iiiiisiilion (CIO) forined 30 June 2016. 'rhc Iriislccs, Ivlio arc Nlso Ihc dircctors for Ihe PLirpi)sc of compai)), laiv, and ivho scri'cd during Ilie )ear and lip lo Ihc dale of Signature of Ili¥ finJli¢iiil slal¢in¥iils ivcr¢', Mr Mur¢o Ru)'nicnl Kale Welton Chri51opher14olden JacqLli Pe(rie Andre Sloos And), Sinipson Geraldine Leeder Janine Oxley Jean Gro¢oll Sally Walson Sarah Francis Ross Marsliall Paul Sharrock Michael Ra¢ Sonia Broii'ne (Resigned 31 Januar). 2025) (Resigned 31 January 20251 (Resigned 31 Januar). 2025) (Resigned 31 January 2025) (Appointed 31 January 20251 (Appoint¢d 31 January 20251 {Appointed 31 January 20251 {Appoiiifed 31 January 2025> (Appointed 31 January 2025) (Appoini¢d 31 January 20251 Reci'iiiimenl andappoinimenl ofii'tssiees Potential Candidates for the Board of Trustees are identified (following discussion by Ihe Board) Ihrough infomial r¢¢omm¢ndalion. Fornial upproaches (Ivitli supporting lil¢ratur¢) ar¢ made folloiv¢d b), infornial meelings iviil) potential candida1¢5. The TrL15t¢¢s then recommend to the Membership of (he ¢harit)' (he ¢andidal¢5 they favour, a vol¢ is held (either al an AGM, SAGM or electronically) and the meii)bership of the Board is amended accordingly. Non¢ of the Irustees has any b¢neli¢ial inleresl in the company. All ot-the Iruslees are members of the company and guaranlee to contribute £1 in the event ot a Ivinding up. DESIGNEiiMAKERS CIO TRUSTEES, REPORT tNCLUDtNG DIRECTORS. REPORT CONTINUED Rl Orgiinisalionol slriiclure Th¢ Board of Trustees comprises tivo thirds non-members and one ihird Mei))bers (where M¢mb¢rs are artists ii'ho occupy studio space al dcsi8nctrniakers21). Trusl¢¢s agree lo join ivorking groups (Finance, Legal, Buildings, Fundraising ) ii'here they are join¢d by non-triistee Members. Working groups report lo th¢ Board of Trust¢¢s who then Inake neLeSS￿ry deLisions ihat are relayed back lo the ivork group5 for iinpl¢m¢nlalion. The Iruslees. report ivas approved by the Board of Trustees. Mr Marco Raymcnl Trustee 2611112025 Dale.. DESIGNERMAKERS CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DESIGNERMAKERS CIO report lo (he triis(ees on my examination of the financial statenients of Designermakers CIO (the CIO) for the year ended 4 April 2025. Responsibilities And basis of report As Ille iruslees ol Ilie CIO {and also ils direclors for the purposes of company laivl. you are responsible for Ihe prepardtion of the financial slalemenls in ac¢ordan¢¢ ivith the r¢qiiir¢m¥nls of ihe Companies Act 2006. Hal'ing 54tisfi¥d niys¢if Ihal lh¢ financial slutcniL'nls ol- Ihe CIO ar¢ not required to bc audited under Part 16 of the Companies Act 2006 und ure eligible for ind¢peiidLIII LXIII))in#lii)n. I r¢purt in respect of In). exaininutiun of the CIO'S financial slalen)enls carried oul undLf SLclion 145 of the Cliurilics Acl 201 l. In rarri'ing oul my cxaiilinalion I have folloM'¢d the Directions given by Ilic Charily Coiiiinissioi) und¥r scclioi) 145(5)Ib) of tli¥ ChJriti¢5 Acl 2011. Independent exAminer's stAtement hdve conipleled iiiy examination. l Lonliri)) Ihul iio Inallers hai'e come lo my altention connection with the examination giving ML caiisL' (o bLliLvc Ihal in any Inalerial rLspLci: uccounling rLYords iverc nol kept in rcspcct ofihc CIO as required b). seclion 386 of Ihe Conipanies Aci 2(106. tlie financial slaieii)enls do not accord iviili Ilios¢ rccords. or the finaiicial slaienienls do not ¢0i1)ply wilh Ilic accounting rcqiiircmcnls of scclion 396 of Ihc Companics Act 2006 other Iliaii aiiy requirement thal the fiiiai)Lial slaleiiienls give a true and fair view, ii'l)ich is not a matter considered as part of an ii)depL'ndLnt exaininaiioi),. or (IIL findiicial slalLmcnlS have not bLen prL'pared in accordance iviih il)L i))Lil)od8 and principles of ihe Sialemenl of Recoiiiii)ei)ded PraL'iice lor accouiiliiig ai)d rLporling by chariliLs appliLablL io chariiies prL'pariiig Iheir financial slaicincnis ii) aLcordai)cc iviili IliL I'"iiiancial R¢poYlii)g Siandai'd applicablc in Il)L UK and Republic of Ireland {FRS 102). liavc iio coiiccnis and liave ¢oni¢ across nn oili¢r n)all¢rs iii ¢onii¢¢iion iviili Ili¢ ¢xaminaiion to ii'hicl) atlehtion should be draivn in this rvport in or lu i'nubl¢ il propcr iindLrstdnding ofih¢ finJn¢ial 51iilomcnls lo b¢ r¢￿h¢d. W T Goddard FCCA ACA CTA Waveney Accoiintanls Limited Tlas Newniaii & Co C'hartLred Accounian($ 4b Church Strccl Diss Norfolk IP22 4DD Dale: 141..111 DESIGNERMAKERS CIO STATEMENT OF FINANCIAL ACTIVITIES CLUDING INCOME AND EXPENDITURE ACCOUNT Unrestritttd Restritttd funds funds 202S 2025 Tot*1 Unrtstrieted funds 2024 Restrieted funds 2024 To¢al 2025 2024 Note5 1￿c￿le from: Donalioiis and legacies Chariiablc activities Inveslmenis 6,069 23.318 760 53.736 59,805 23.318 760 30,348 35.209 105 254,267 284,615 35,209 105 Total intome 30,147 53,736 83,883 65,662 254,267 319.929 Expenditure on: Cl)arilable aclivili¥5 26,542 5.164 31,706 36,074 2,176 38.250 TotAI expenditure 26.542 5,164 31,706 36,074 2.176 38,250 Net income And mov¢ment in funds 3.605 48.572 52,177 29.588 252.091 281,679 Reconciliation or runds: Fuiid b¢ili1li¢¢$ al 5 April 2024 42,661 254,267 296,928 13.U73 2.176 15,249 Fund ba14n¢es at 4 April 2025 46.266 302.839 349,105 42,661 254.267 296,928 ThL sialcmenl of financial aclii'ilies includLs all gains and losses r¢¢ognised in the year. All incomc and cxpcndilure dcrivc Irom conlinuing a¢iiYili¢S. DESIGNERMAKERS CIO LAN E SHEET AS AT 4 APRIL 2025 2025 2024 Notes Fixed Assets langible asseis 12 344,546 258.222 Current A55ets Casli al bank and in liand 4.559 38,706 Net ¢urrent assets 4.559 38.706 Total as5¢¢s l¢$s turretht Il#bilities 349.105 296,928 The funds of the CIO Reslricl¢d irs¢oin¢ fiinds Unrc5lricled luiids 13 14 302,839 46,266 254.267 42,661 349.105 296.928 'I'hc company 1$ cnliilcd lo the ex¢niplion Irom Ihc aiidil rcqiiircmLnl conlaincd in ￿¢tIon 477 of ihe Companies Act 2006, for the year ended 4 April 2025. Th¢ directors acknoivledge iIiLir rL%ponJihililicb for c()mplying iviih the requiremenls of Ihe Companies Acl 2006 iviih respect lo o¢coLiiiling r¥¢ords aiid ihe prepil I'llliol) ol. IIi)111)Liiil siuien)enis. The meiiibers have noi rL'4uired Ilic coini)aii)' lo obiain ali aiidil ol. ils tinancial slalcnienls for Ihe year in que$iion in ac¢ordan¢e 'iih scciioii 476. I'hese financial slalLm¥iils hav¢ b¢L'n pr¢par¢d in 4¢cordan¢e willi Il)e proi-isions uppli¢abl¢ 10 ¢ompani¢$ subjecl lo the Small companies re8imc. 2611112025 The financial siaienienrs were approi'ed by Ilie Iruslees on Mr Marco Raymenl Trustee DESIGNERMAKERS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025 Arcounting polieies Charity inform•tion Dvsignermakers CIO is a Charitable Incorporated Organisalion in¢orporat¢d in England and Wales. The regislered office is 21 Si. Nicholas Streel, DISS, Norfolk, IP22 4LB. l. l B*sis of prepar4¢io The finan¢iul slalements huvc b￿n prepared in accordance ivi(h the CIO'S governing dociimenl, Ihe Companies Acl 2006. FRS 102 "Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORI) 'Accoiinting and Rewrting by Chariiies.. Siatcinenl of Recon)mended Pra¢li¢e applicabl¢ lo ¢harilies preparing their accoLlllts in accordance iviih the Financial Reporting Siai)dard applicable in Ih¢ UK and Republic of Ir¢lthnd (FRS 102).. The CIO is a Public Benefit Enlily as dcfincd by FRS 102. Thc CIO has taken adYanla8e ol'ih¢ provisions in Ilie SORP for ¢harilies not to prepare a sialcment of cash fl0i4's. Tlie financial slalemcn15 arc pr¢pared in slerling, Ivhicli is ilie funclional currency of Ihe CIO. Moi)elary amounts in th¢se rinancial slalcmcn15 arc roundcd io ihe nearest £. Th¢ financial slat¢m¢nts have been prepared undL'r thc historical cost coni'enlion. Th¢ principal a¢¢ounting rM)licies adopted ure sel out beloiv. .2 Going toneern At the iimc of appmving the financial slalemcnls. (he Iriisle¢5 havc a reasonablc expv¢lOtion ihai ihc CIO has adequale resources io continue in operulionul Cxislence for th¥ foreseeabl¢ fulur¢. Thu$ thi. Iruslees conlinue lo udopt ihe 8oin8 concL'rn basis of accoiinting in preparing th¢. finunciul stÉil¢ni¢nlS, .3 ChArltxble fvnds Unresiricied funds are availablc for iise at thc discrelion of the Iruslee5 in furthcran¢¢ of iheir chariiable objeclivLs. ReslriLlcd funds Are .8uhjeci io specific condilioi)s by doiiors or grai)lors as to liow Iliey n))y b¢ uscd. The purposes ai)d uses of ihe resli'icled ILbiids arc SL'I ou( in ilie notes lo Ilie tinancial slalen)enls. Endoiyment funds uru. subjccl lo sp¢¢ific conditions by donors ihut the capital Inusi be mainlained by the CIO. 1.4 Intome Incoin¢ is r¢¢ogni$ed M'hen ihe CIO is leglllly enliiled lo il aftcr any p¢rfornian¢¢ condition$ have b¢¢n i))et. the aii)ounls can be measured reliabl),, and it is probable thal income ivill be ￿¢¢iVed, Cash donations are r¢¢ogni5¢d on re¢¢ipt. Oiher donations are recognised once Ihe CIO has been r￿lifIed ofihe donalion, unless pLrforman¢¢ ¢onditions require defei'ral of the ￿liount. Incoiiic lax rccoverable in reliilion lo donalions received linder Gift Aid or deeds of covenant is recogniscd al the lin)e of the donation. Legacies are recognised on re¢eipl or otherm'ise it. the CIO has been notified of an impending dislribulion. Ihe amount is knoivn, and ￿elp¢ is expected. If ihe Mn)ount is not knoii'n, Il)c Icgacy is Irealed as a conlingent asset. .5 Expenditure Expcnditurc is recognised once there is a legal or conslrucliv¢ obligation to Iransfer economic bencfil lo a ihird party. il is probable Ihal a transfer of econonii¢ benefits ivill be required in settlcnienl, and the amount of ihe obligation can be measured reliably. Expenditure is ¢lassified by activity. The c0515 of each aclivity ar¢ made up of Ihe total of direct costs and shared cosls, including support cosls involved in undertaking each actii'ity. Direct costs attributablc to a singlc aclivily arc allocated dirccily to iliai aciivity. Shared costs wl)ich coi)Iribule lo mor¢ than onc activity and supporl cosls M'hicli are nol allribulable lo a single aclii'ily are apwirtioned belive¢n tliose acLii'ities on a basi5 consisleni iviili Ilie use of res0uw￿. Central siaff costs are allocaled on the basis of lime 5p¢nl. and depreciation charges are allocated on ihe portion of (h¢ asset s use. 10- DESIGNERMAKER NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 4 APRIL 2025 Attouthtirtg polieies (Continued) .6 Tangible fixed assets Tan¥iblc fiK¢d assels are initially measured al cosl and subsequently measured at cost or i'alualion. net of depreciation and any iinpairi)ient losses. Depreciation is rccognised 50 as lo ivrile olTih¢ cost or valualion of ass¢ls less their residudl values over their useful lives on Ihc folloiving bdses.. Freehold laiid and buildings 2°/4 Siraight-line Th¢ gain or loss arising on ihe disposol of an assei is detemiined as ihe difference beiii'een ihe sale proceeds and the carrying valLl¢ ol'ihL Usbcl. und is rcco¥niscd in Ihe sialcmcnl of financial activities. 1.7 Impalrnitnt of flxed Assets Ai ellch reporliiig ci)d dalL, Ilie CIO revi¢ivs IhL' Larrying ainuunls ol. lis tangible assets lo dclcrmine iyheihcr ihere is any iiidiLulioii Il)al Ih().se assL'ls liav¢ suffired uii iiiipairiiilnl loss. Ir ans, such indicalion exists. (lie r¢coi'erable ainounl of the assel is esliiiialcd in ordLr lo d¢i¢rmii)¢ Ihc ¢xlcnl ol'ih¢ impairin¢nl loss lif any), 1.8 Cxsh and cash equivAlents Cash aiid cash cquivaleii15 iiiclude casli in l)aiid. dep)sils lield al call willi banks, oilier short-l¢rin liquid inveslmcnls ii'iih origii)ul nialurilics ol. Ilir¥c months or I¢s5. and b8nk ovcrdrafts. Bank ov¢rdrafts are Slioii'n ivithin IX>￿01%.1ng5 in current BasiL liiiAI)cial asscls. Ivhicli iiiLludc debiors and ca$li and bank balances, are initially measured al IransaLlion price iiicluding tr￿lsa¢110l) costs and arL' sub5¢qu¢nily ¥ari'icd al aniorlis¢d cosl using Ilic ¢lT¥¢live interest metliod unless Ille orrungLmL'ni ¢onslitiil¢4 a financing Irunsactinn, Ivhere lh¢ Iransaclion is measiired ai ihe present i'aliie of the fuliire rLc¢ipls discoiinted at a ii)arkcl rulc ol. inierL'Si. Financial USYLIS LlassiliLd receiv&ble iviihin one ye&r are not amortised. BaslcJ7nftneiul liftbililies Basic financial liabilili¢¥. IllLluding Lredilors und bank loans are initially recognised at Irun5aclion pric¢ unless the arrangement conslilvlL's J filliincing IrJns)¢lion, Ivh¢r¢' lh¢ dLbi inslriimint is m¢asur¢d a( th¢ present value of ihe fiilure pa>'iii¢nls dis¢ounl¢d 91 g iiiurkyl ryl¢ vl. inl¢r¢¥l. l."inanLiuI liabilili¢s clJssifi¢d ¥s pJyubl¢ iyithin on¢ yegr are noi ainorlised. Debi inslrumenl$ are $ub$¢qu¢ntly carried al amortised cost. using the effeclii'e inlcre51 rale mcihod. Trade ¢r¢diiors are obligations io pay lor goods or seri'ices ihai have been acquired in the ordinary coui'se of operations rrom SLippliers. Amounts payable arL clas5ifi¢d as ciirreni liabililieb if payment is due ivithin one year or less. If not. they are presented as non-¢urren( liabililies. Trade ¢rcdilors are reco8nis¢d inilially at Iransaction price and subsequently mcasur¢d at amorti5ed Cost using th¢ ¢lT¢aiv¢ inl¢resi m¢thod. Dere¢oznilion olfinnncirtlliabllliles Financial liabilities are derecogniscd i1.hen the CIO'5 contrdclual obligations expire or are discharged or cancelled. Employee benefits The cost of any unused holiday ¢nliilem¢nl is recognised in the period in which the en?ployee 5 services are Teceived. Terminalion benefits are recognised immediately as an expense ivhen the CIO is demonstrably committed to terminate the employment of an einployee or lo provid¢ lerminalion benefiis. 11 DESIGNERMAKERS CIO NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 4 APRIL 2025 Critical accounting es¢im•tes and J￿dgements In the application of Ihe CIO'S accounting poli¢i¢s, th¢ Irust¢¢s arc r¢quir¢d to make judgements, eslimates and assvinpiions aboul Ihc carrying aniounl of assets and liabilitiLs that are not readily apparent from other .sources. The eslimal¢s and associated assumptions are based on historical experience and other faclors Ihal are considered to be relevant. Actual results tnay ditTer from Ihese eslimaies. The estimates and underlying assumptions are revieived on an ongoing basis. Revisions to accounting estimates are rccognised in the period in ivhich ihe ¢sliniui¢ is revised ii.here Ihc revision atT¢cls only that period. or in the period of thc rcvision und futur¢ pcriods where Ihc rei'ision anccls ix)Ih ciirrent and fulure periods. Income from dDJIAtions Rnd leg4¢ies Unreslricted Restricled funds fund$ 2025 2025 Tot41 Unrestricted funds Restricted funds 2024 Tot*1 2025 2024 2024 t)onations and gifts Granls 6.069 6,069 53,736 30,348 30,348 254.267 53,736 254,267 6.069 53.736 59.805 30,348 254.267 284.615 Ineome from chArilAble Activilies Unrtstrieted funds 2025 Unrestrleted funds 2024 GenerAI Charilable aclivili¢5 LicenLe fees 4.836 18,482 16,944 18,265 23,318 35,209 Income from investments Unreslricted Unre$trl¢l¢d funds funds 2025 2024 Intere81 receivable 760 105 12- DESIGNERMAKERS CI NOTES TO THE FINANCIAL STATEMENTS CONTINUED NDED 4 APRIL 2 25 Expenditure OA chiritable a¢tivities Premises 2025 Premises 2024 Direet eosts Dcprccialion iiiipairiiieni Rent (l¢asel Cost ofcharilable ¢venls Buildin8 iinprovemeiiigrepairs Insurance Saleguarding 5.164 4.584 14,268 3.049 2,820 30 10,275 1.018 404 8,407 2.017 35 6,407 343 592 Adverlising and iiiark¢lin8 Sundry 23.369 36,044 Share of support and governanee eosls (see note 7) Governance 8.337 2,206 31,706 38.250 A Tralysis by fund UiiresiriLlc¢J fiinds ReslriLl¥d Iviids 26.542 5,164 36,074 2.176 31,706 38,250 Support eosts allo¢•¢¢d ¢0 A¢tivili¢s Premises Tot41 2024 2025 GoYernanc¢ 8,337 2,206 N¢¢ mgv¢ment lfj funds 2025 2024 The n¢l movement in funds is stated after char8in@(crcdiling)'. Fees payable for ihe independent examination of the charily's financial statemenls Depreciation ol'oil ned langible fixed assets 900 5.164 354 Trustees None of thc trustees lor any pcrsons connecied Ki'iih them) received any reinuneralion or benefils from the CIO during the year. 13- DE IGNERMAKERS CI NOT TH FIN NCIAL TATE R THE YEAR ENDED 4 APRIL 2025 10 Employees The average monihl), number of employees during th¢ year was: 2025 Number 2024 Number Total There i%'¢r¢ ¢n)plo>'¢¢s whose annual ffmun¢raiion was mor¢ Ihan £60.000. RemunerAtlon of key m4n4gemenl personnel Th¢ r¢inun¢ralion of key Inanagement personn¢l il'as as folloii's: 11 TaxAtion Th¢ ¢harii)' is ¢xempl fron) laxalion on its aclivili¢S b¢¢aw8e all its income is applied for charitable purposes. 12 T4ngiblt fixed assets Freehold •nd buildings Cost At 5 April 2024 Additions 258,222 91,488 Ai 4 April 2025 349,710 Depreci8tion and imp•irment Depreciation charged in the year 5,164 At 4 April 2025 5,164 Carrying gmount Ai 4 April 2025 344.546 Ai 4 April 2024 258,222 13 Restrieted funds Th¢ reslricled funds or Ihe ch¢1ril}' comprise lh¢ un¢¥p¢nd¢d balances of donations and grants held on Irusi subject to specific conditions b), donors as to hoiv they Inay be used. At 5April 2024 In¢ominz reSOu￿t$ Resources At 4 April 2025 expendtd General unrestricted 254,267 53.736 (5,164) 302.839 14- DESIGNERMAKERS CIO NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEA PRIL 2 13 Restricted funds {Conflnued) Previous yeor: At 5 April 2023 Incoming resourtes Resourtes At 4 April 2024 expended Gei)eral unreslricled 2,176 254.267 (2,1761 254.267 14 Unreslricied fund$ Th¢ iinre5lricted funds ofthL' churily c(Trmpris¥ thc unexpended balances of donillions and grnnls ivhich are r￿t 5ubj¢¢l lo specific L'ondilions b>. donors and grantors as lo hoiv Ihcy may b¢ used. 'fhese incliide designal¢d funds ivhich have been set aside oui ofunreslricled Itinds by Ihc Iriistecs for specific purposes. At S April 2024 Ineoming resourees Resources At 4 April 2025 expended G¢ftcro1 fLinds 42,661 30.147 {26,5421 46,266 Previous yeir: At 3 April 2023 Ineoming resources Resources At 4 April 2024 expended Glni'ral fiinds 13,073 65.662 136,0741 42,661 IS AnAIysi8 of net Assets between funds Unrejtrltted funds 2025 Restriettd funds 2025 Total 2025 At 4 April 2025.. Tangible as5els Currenl ass¢i4(liabililics) 41,707 4.559 302,839 344,546 4,559 46,266 302,839 349,105 Unre5trieted funds 2024 Restricted funds 2024 Total 2024 At4April 2024: Tangible assets Currenl asset￿{lIabIlIt1es) 3,955 38.706 254.267 258,222 38,706 42,661 254.267 296.928 16 RtlAted PArty trAnsactions Ther¢ iv¢re no disc105able related parly transactions during the year (2024 - none). 15-